Externality definition

ĕkstər-nălĭ-tē
externalities
Frequency:
A cost or benefit that affects people other than those involved in the economic activity that produced it and that is not reflected in prices.

Pollution and other negative externalities.

noun
0
0
The condition or quality of being external or externalized.
noun
0
0
Something that is external.
noun
0
0
The quality or state of being external.
noun
0
0
An external thing.
noun
0
0
Advertisement
(econ.) A cost to society, as of pollution or diminished public health, that is not accounted for in the price of a product sold to the public.
noun
0
0
(uncountable) The state of being external or externalized.
noun
0
0
(countable) A thing that is external relative to something else.
noun
0
0
(economics, countable) An impact, positive or negative, on any party not involved in a given economic transaction or act.
noun
0
0

Other Word Forms

Noun

Singular:
externality
Plural:
externalities

Externality Sentence Examples

  • Certainly, this reveals a limitation of ' externality adders ' approaches.

  • Concerns were raised whether Faculty Postgraduate Studies Committees had sufficient externality to hear appeal against the results of the coursework component of Masters degrees.

  • The state of Britain's road and rail system represents a significant negative externality for what is the fourth largest economy in the world.

  • The loud music produced by the young person is a negative consumption externality to the older person.

  • This paper combines both approaches in a nonlinear model with multiple steady states due to a production externality.

More sentences

Related articles

Words near externality in the Dictionary